TOWN OF LEDYARD - File #: 23-2249

• File #: 23-2249
• Version: 1
• Type: Financial Business Request (FBR)
• Status: Passed
• File created: 11/9/2023
• In control: Town Council
• On agenda: 12/13/2023
• Final action: 12/13/2023
• Title: MOTION to approve appropriations from the receipt of sales of vehicles and equipment through GovDeals in the total amount of $4,650 as follows: $4,650 to the Public Works Heavy Equipment CNR Account #21040101-57311. *

Date	Ver.	Action By	Action	Result
12/13/2023	1	Town Council	Approved and so declared	Pass
12/6/2023	1	Finance Committee	Recommended for Approval	Pass

FINANCIAL BUSINESS REQUEST (FBR)

Motion/Request:

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MOTION to approve appropriations from the receipt of sales of vehicles and equipment through GovDeals in the total amount of $4,650 as follows:

$4,650 to the Public Works Heavy Equipment CNR Account #21040101-57311.

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Background:

The Town realized $4,650 from the sale of its old drive-on truck lift at the Public Works Highway Garage.

The Town has previously appropriated such revenues to the respective capital reserve fund to supplement/offset direct budgetary appropriations in meeting lifecycle replacement costs and other needs.

Department Comment/Recommendation:

Inasmuch as this action is consistent with previous appropriations of GovDeals revenues, I recommend appropriation of these funds according to the specifics of the motion

Finance Director Comment/Recommendation:

Recommend appropriation be contingent upon formal receipt of funds from GovDeals.  As of November 27^th, 2023, funds had not yet been received by the Treasurer.

Mayor Comment/Recommendation:

Another robust bidding process on GovDeals that yielded a strong return on a 30 year old investment.

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